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In the first half of the year, 36 new tech unicorns emerged in the United States, securing over $52 billion in financing, and Microsoft and NVIDIA are making hefty bets.

智东西2025-07-11 16:02
Which track will be the hottest in the tech circle in 2025? Find the answer from 36 newly minted unicorns in the United States.

On July 11th, according to foreign media TechCrunch, a total of 36 technology startups in the United States have successfully joined the ranks of new unicorns this year. They are widely distributed in multiple cutting - edge fields such as AI and biomedicine, and each has a valuation exceeding $1 billion.

According to public information statistics, these 36 unicorns raised a total of $7.24 billion (approximately RMB 52.01 billion) in financing in the first half of this year, and nearly one - third of it was accounted for by a startup founded by Mira Murati.

(Note: Calculated based on the US dollar to RMB exchange rate on July 8th: 1 US dollar ≈ 7.17 RMB)

01.

The popularity of AI remains high,

8 unicorns have raked in 20 billion

Among these 36 new unicorn companies, there are 8 companies focusing on AI (including AI applications). They have raised a total of $3.23 billion (approximately RMB 23.2 billion) in financing and have a total valuation of up to $24.49 billion (approximately RMB 175.92 billion). Among them, the company with the highest financing amount and the largest valuation is Thinking Machines, founded last year by Mira Murati, the former Chief Technology Officer of OpenAI. Without an actual product, it reached a valuation of $10 billion (approximately RMB 71.83 billion) in just one year since its establishment.

Ranked by valuation amount. US dollar to RMB exchange rate on July 8th: 1 US dollar ≈ 7.17 RMB (Chart by Zhidx)

1. Thinking Machines: Valuation of $10 billion (approximately RMB 71.72 billion)

Thinking Machines was founded last year by Mira Murati, the former Chief Technology Officer of OpenAI. In June this year, it completed a $2 billion (approximately RMB 14.34 billion) seed - round financing, reaching a valuation of $10 billion (approximately RMB 71.72 billion). Investors include a16z and NVIDIA (Data source: PitchBook).

2. Abridge: Valuation of $5.3 billion (approximately RMB 38.07 billion)

This AI medical technology company, founded in 2018, completed a $300 million (approximately RMB 1.79 billion) Series E financing in June this year, reaching a valuation of $5.3 billion (approximately RMB 38.07 billion). It has raised over $760 million (approximately RMB 5.46 billion) in financing to date. Investors include Elad Gil and IVP (Data source: PitchBook).

3. Celestial AI: Valuation of $2.5 billion (approximately RMB 17.93 billion)

Celestial AI was founded in 2020. In March this year, it completed a $250 million (approximately RMB 1.79 billion) Series C financing led by Fidelity, reaching a valuation of $2.5 billion (approximately RMB 17.93 billion). It has raised over $580 million (approximately RMB 4.16 billion) in financing to date. Investors include BlackRock and Engine Ventures (Data source: Crunchbase, PitchBook).

4. Hippocratic AI: Valuation of $1.64 billion (approximately RMB 11.76 billion)

Hippocratic AI, founded in 2023, focuses on medical model development. In January this year, it completed a $141 million (approximately RMB 1.01 billion) Series B financing led by Kleiner Perkins, reaching a valuation of $1.64 billion (approximately RMB 11.76 billion) (Data source: Crunchbase).

5. Decagon: Valuation of $1.5 billion (approximately RMB 10.76 billion)

Decagon, an enterprise - level AI customer service platform founded in 2023, completed a $131 million (approximately RMB 940 million) Series C financing in June this year, reaching a valuation of $1.5 billion (approximately RMB 10.76 billion). It has raised over $231 million (approximately RMB 1.66 billion) in financing to date. Investors include a16z and Accel (Data source: PitchBook).

6. Netradyne: Valuation of $1.35 billion (approximately RMB 9.68 billion)

This computer vision company, founded in 2015, completed a $90 million (approximately RMB 650 million) Series D financing in January this year, reaching a valuation of $1.35 billion (approximately RMB 9.68 billion). This round was led by Point72 Ventures (Data source: Crunchbase).

7. Clay: Valuation of $1.25 billion (approximately RMB 8.96 billion)

Clay, founded in 2017, focuses on the AI sales platform. In January this year, it completed a $40 million (approximately RMB 290 million) Series B financing, reaching a valuation of $1.25 billion (approximately RMB 8.96 billion). It has raised over $100 million (approximately RMB 720 million) in financing to date. Investors include Sequoia Capital, First Round, etc. (Data source: PitchBook).

8. Assured: Valuation of $1 billion (approximately RMB 7.17 billion)

This AI claims processing company, founded in 2019, completed a $23 million (approximately RMB 160 million) Series B financing in March this year, reaching a valuation of $1 billion (approximately RMB 7.17 billion). Assured has raised over $26 million (approximately RMB 190 million) in financing to date. Investors include ICONIQ Capital and Kleiner Perkins.

02.

With a total valuation of approximately 26 billion,

Two "dark horses" have emerged in the robotics track

In the robotics field, The Bot Company and Gecko have raised a total of over RMB 1.2 billion in financing, with a total valuation of RMB 25.96 billion. The capital market has begun to show interest in the robotics track.

Ranked by valuation amount. US dollar to RMB exchange rate on July 8th: 1 US dollar ≈ 7.17 RMB (Chart by Zhidx)

1. The Bot Company: Valuation of $2 billion (approximately RMB 14.34 billion)

This robotics platform, founded in 2024, completed a $150 million (approximately RMB 1.08 billion) early - stage financing in March this year, reaching a valuation of $2 billion (approximately RMB 14.34 billion). It has raised $300 million (approximately RMB 2.15 billion) in financing to date (Data source: PitchBook).

2. Gecko: Valuation of $1.62 billion (approximately RMB 11.62 billion)

Gecko, founded in 2013, produces data - collection robots with climbing, crawling, swimming, and flying capabilities. According to PitchBook data, Gecko completed a $121 million (approximately RMB 870 million) Series D financing in June this year, reaching a valuation of $1.62 billion (approximately RMB 11.62 billion). It has raised over $340 million (approximately RMB 2.44 billion) in financing to date. Investors include Cox Enterprises and Drive Capital.

03.

A data analytics platform leads with a $2.5 billion valuation,

Multiple fields such as blockchain transactions and sports technology are flourishing

In the software and platform company sector, 14 enterprises have joined the ranks of unicorns, covering multiple fields such as data analytics, blockchain transactions, recruitment platforms, fleet management, sports technology, and software development tools. Among them, the data analytics platform Peregrine leads with a valuation of $2.5 billion (approximately RMB 17.93 billion), followed by companies such as Kalshi and Mercor, each with a valuation of $2 billion (approximately RMB 14.34 billion).

Ranked by valuation amount. US dollar to RMB exchange rate on July 8th: 1 US dollar ≈ 7.17 RMB (Chart by Zhidx)

1. Peregrine: Valuation of $2.5 billion (approximately RMB 17.93 billion)

This data analytics platform, founded in 2017, completed a $190 million (approximately RMB 1.36 billion) Series C financing in March this year, reaching a valuation of $2.5 billion (approximately RMB 17.93 billion). It has raised over $250 million in financing to date. Investors include Sequoia Capital and Fifth Down Capital (Data source: PitchBook).

2. Kalshi: Valuation of $2 billion (approximately RMB 14.34 billion)

This popular prediction market company and blockchain trading platform, founded in 2018, completed a $185 million (approximately RMB 1.33 billion) Series C financing last month, reaching a valuation of $2 billion (approximately RMB 14.34 billion). Kalshi has raised over $290 million (approximately RMB 2.08 billion) in financing to date. Investors include Sequoia Capital and Global Founders Capital (Data source: PitchBook).

3. Mercor: Valuation of $2 billion (approximately RMB 14.34 billion)

This contract recruitment platform, founded in 2022, completed a $100 million (approximately RMB 720 million) Series B financing, reaching a valuation of $2 billion (approximately RMB 14.34 billion). Investors include Felicis, Menlo Ventures, Jack Dorsey, etc.

4. Fleetio: Valuation of $1.5 billion (approximately RMB 10.76 billion)

Fleetio, located in Alabama, USA, was founded in 2012. It is a fleet management software company. In March this year, it completed a $454 million (approximately RMB 3.26 billion) Series D financing, reaching a valuation of $1.5 billion (approximately RMB 10.76 billion). Fleetio has raised $624 million (approximately RMB 4.48 billion) in financing to date. Investors include Elephant and Goldman Sachs Growth Equity (Data source: PitchBook).

5. Underdog Fantasy: Valuation of $1.3 billion (approximately RMB 9.32 billion)

This sports betting company, founded in 2020, completed a $70 million (approximately RMB 500 million) Series C financing in March this year, reaching a valuation of $1.3 billion (approximately RMB 9.32 billion). It has raised over $100 million (approximately RMB 720 million) in financing to date. Investors include Spark Capital (Data source: Crunchbase, PitchBook).

6. Hightouch: Valuation of $1.2 billion (approximately RMB 8.61 billion)

This data platform, founded in 2018, recently completed an $80 million (approximately RMB 570 million) Series C financing, reaching a valuation of $1.2 billion (approximately RMB 8.61 billion). It has raised $171 million (approximately RMB 1.23 billion) in financing to date. Investors include Sapphire Ventures and Bain Capital Ventures (Data source: PitchBook).

7. Linear: Valuation of $1.25 billion (approximately RMB 8.96 billion)

Linear focuses on software development project management tools. In June this year, it completed an $82 million (approximately RMB 590 million) Series C financing, reaching a valuation of $1.25 billion (approximately RMB 8.96 billion). The company was founded in 2019 and has raised over $130 million (approximately RMB 930 million) in financing to date. Investors include Accel and Sequoia Capital (Data source: PitchBook).

8. Meter: Valuation of $1.25 billion (approximately RMB 8.96 billion)

Meter is a company that provides managed internet infrastructure services for enterprises. In June this year, it completed a $170 million (approximately RMB 1.22 billion) Series C financing, reaching a valuation of $1.25 billion (approximately RMB 8.96 billion). Meter, founded in 2015, has raised over $250 million (approximately RMB 1.79 billion) in financing to date. Investors include General Catalyst, Sequoia Capital, Sam Altman (co - founder and CEO of OpenAI), and Lachy Groom (Data source: PitchBook).

9. Teamworks: Valuation of $1.25 billion (approximately RMB 8.96 billion)

The sports software company Teamworks completed a $247 million (approximately RMB 1.77 billion) Series F financing in June this year, reaching a valuation of $1.25 billion (approximately RMB 8.96 billion). Since its establishment in 2006, Teamworks has raised over $400 million (approximately RMB 2.87 billion) in financing to date. Investors include Seaport Capital and General Catalyst (Data source: PitchBook).

10. Statsig: Valuation of $1.1 billion (approximately RMB 7.89 billion)

This product development platform, founded in 2021, completed a $100 million (approximately RMB 720 million) Series C financing in May this year, reaching a valuation of $1.1 billion (approximately RMB 7.89 billion). It has raised approximately $153 million (approximately RMB 1.1 billion) in financing to date. Investors include Sequoia Capital, Madrona, and ICONIQ Growth (Data source: PitchBook).

11. Owner: Valuation of $1 billion (approximately RMB 7.17 billion)

The restaurant marketing software company Owner, founded in 2018, recently completed a $120 million (approximately RMB 860 million) Series C financing, reaching a valuation of $1 billion (approximately RMB 7.17 billion). It has raised over $180 million (approximately RMB 1.29 billion) in financing to date. Investors include Headline, Redpoint Ventures, etc. (Data source: PitchBook).